Financial Market Intermediaries

The largest custodian bank in the world is 

• JP Morgan Chase
• State Street Bank and Trust Company
• Citigroup
• The Bank of New York Mellon

Which one of the following is NOT a function of financial intermediaries?

• Intermediation
• Direct lending between savers and borrowers
• Fund raising
• Wallet services

Credit unions are NOT financial intermediaries 

• True
• False
• Maybe
• I dont know

_______________________ is an American post-trade financial services company providing clearing and settlement services to the financial markets

• SEC
• Depository Trust & Clearing Corporation
• Northern Trust
• Goldman Sachs

One of the below is not a function of a clearing corporation. Which one is that?

• Clearing and Settlement
• Netting
• Trade Cancels
• Trade Matching

Processing accurately all shareholder transactions is a role of a 

• Broker
• Dealer
• Transfer Agent
• Commercial Bank

______________________agents bring investors / customers to mutual funds for commission

• Market Making
• Selling and Distribution
• Transfer
• Custodian

Within the structure of a Mutual Fund, ______________are responsible to regulate the mutual fund and make sure it runs as per the guidelines

• Fund Manager
• Distributor
• Trustee
• Custodian

Who undertakes the administration and investment activities of the fund (mutual fund)?

• Sponsor
• AMC - Asset Management Company
• Trustee
• Distributor

Which of the following is NOT a role of a stock exchange?

• Capital Raising
• Monitor the market for a fair trading
• Issue loans and advances
• Create investment opportunities for investors